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Indian Gaming Platform MPL To Cut 50% Staff, Cites 28% Government Tax: Reports

Mobile Premier League (MPL) is reportedly laying off around 50% of its global workforce, weeks after India s GST announced a 28% tax on online gaming platforms that the industry said would burden ....

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Byju's term loan gets more expensive; MPL lays off 350 post GST hit

Byju s quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an additional $50-60 million to service the increased interest rate it has offered to conclude the revised terms for the deal. This and more in todays ETtech Morning Dispatch. ....

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MPL to lay off 350 employees after 28% GST on real-money gaming

The new GST rules will increase the company s tax burden by as much as 350 percent-400 percent, MPL co-founders Sai Srinivas and Shubh Malhotra told employees in an email ....

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